An individual or group which has an interest in a business because they are affected by its activities (and decisions)
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banana
Go to last place!
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seesaw
Swap points!
Okay!
fairy
Take points!
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25
banana
Go to last place!
Oops!
lifesaver
Give 5 points!
Oops!
magnet
Take 25 points!
Okay!
gift
Win 25 points!
Okay!
thief
Give points!
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15
Explain two ways a company could try to improve internal communication.
Meetings rather than monthly reports, Changes to organisation structure e.g. change chain of command
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heart
Other team wins 10 points!
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shark
Other team loses 25 points!
Okay!
gift
Win 25 points!
Okay!
banana
Go to last place!
Oops!
15
Name one advantage of the a laissez-faire leadership style?
Encourages loyalty / motivation as managers can run own shops so less likely to leave
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15
Define ‘private sector’
when business activities are owned by individuals OR groups of individuals.
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15
Explain two non-financial methods that might use to increase employee motivation.
Offer fringe benefits Job rotation, Team working, Training
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15
How Advertising the job vacancies could help a company in the recruitment process?
Make people aware about the jobs increasing the number of potential applicants, provide people with information about culture, can target suitable people.
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15
Identify and explain two advantages of being a private limited company.
Limited liability/easier to raise money/more credibility with suppliers/continuity/no need to publish accounts/separate legal identity/Control over who can buy
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15
Do you think government legal controls for employment will benefit employees?
Safer conditions, Higher pay because minimum wage is set so better able to satisfy basic needs , chance for promotion / become full time
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15
Identify two stages in recruitment.
Job analysis /identify a vacancy, Job description, Person / job specification, Advertising, Shortlisting, Interview, Selection
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15
Identify two ways to measure the size of a business
Sales value OR value of output OR revenue, Capital employed, Value of balance sheet, Market share
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15
Define ‘private limited company.
Businesses owned by shareholders buy they cannot sell share to the public
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Check
baam
Lose 10 points!
Oops!
gold
Win 50 points!
Okay!
fairy
Take points!
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25
baam
Lose 10 points!
Oops!
15
Name one disadvantage of the laissez-faire leadership style.
No real direction / different opinions of shop managers leading to wrong decisions/ disputes
